A new week for markets, but the same old story-directionless market. Nifty and Bank Nifty opened gap up, but later, both gave up the gains and ended on a flat note.
Nifty 50 Index 15630-15800 zone can give direction. Either side breakout plus holding is necessary.
Bank Nifty is strong above 35050 level, as the last week. But it is not getting sustained on the higher side. Either side breakout of the 35050-35450 zone can set the tone for this week.
Nifty Intraday Gann Levels
Nifty bulls need to break & sustain above 15710 to move towards 15740/15780/15830 levels.
On the lower side, the Gann support level is 15640; below that Index can move towards 15610/15570/15520.
Bank Nifty Intraday Gann Levels
Bank Nifty bulls need to break & sustain above 35250 to move towards 35400/35600/35850.
On the lower side, the Gann support level is 35050; below that Bank Nifty Index can move towards 34900/34700/34450. levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.